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I'm working my way through the game.
So far the graphics are amazing and the I'm liking the action and story line. I thought Rainbow Six Vegas 2 was going to be it for me but I guess I was wrong.
Apperently there is Multiplayer in MGS4 as well.
Edit 1/26/09:
Unless I've missed something the game is a little too easy and a little to short. The bosses do not require that much effort and the action is pretty weak.
It's still very well rendered